Tag "GDP"
GDP: fell significantly in the EU and the euro area in the second quarter
In the euro area, gross domestic product (GDP) fell by 12.1 percent and in the EU as a whole by 11.9 percent in the second quarter, compared to the previous...
Read moreVarga Mihály: economy already revived the a bit in June, but the half-year GDP may decrease by 5 percent
The economy picked up slightly in June, but GDP in the second quarter may still shrink by 10 percent year-on-year and shrink by 5 percent in the second half of...
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London analysts expect smaller-than-expected eurozone GDP
London macroeconomic analysts say the latest activity data suggest that the performance of the eurozone economy was slowed down to a lesser extent than previously expected by the coronavirus pandemic...
Read moreThe U.S. economy is performing better than expected in June
As in May, the U.S. economy performed better than expected in June, according to a survey by the London-based financial and economic data provider IHS Markit. As more and more...
Read moreGKI is less pessimistic about this year’s growth forecast
In its latest forecast released on Thursday, GKI Economic Research rejected the less pessimistic scenario outlined in its previous March forecast, which predicts a 3 percent decline in GDP, while...
Read moreThe MNB expects modest GDP growth this year
According to the central bank’s forecast, gross domestic product (GDP) may grow at a modest pace in 2020, between 0.3 and 2.0 percent, GDP growth next year will be 3.8-5.1...
Read moreThe U.S. economy declined sharply in the first quarter
The U.S. economy’s performance decreased at a steep pace in the first quarter after the coronavirus pandemic and austerity measures to curb its spread virtually halted the entire country in...
Read moreSzázadvég expects significant growth after the downturn
According to Századvég, the annual performance of the Hungarian economy will decline by almost 3 percent this year, but may expand significantly above 5 percent next year – Regős Gábor,...
Read moreLondon analysts: Hungary’s GDP will reach pre-pandemic levels next year
According to the expectations of London macroeconomic analysts, Hungary will be among the European emerging economies in which the value of gross domestic product (GDP) will reach the pre-Covid-19 level...
Read moreLondon analysts: British GDP could fall by 18 percent in April
Analysts in London calculated that gross domestic product (GDP) could fall by 18 percent month-on-month in April due to the economic effects of the coronavirus pandemic. The British Bureau of...
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Euro area and EU GDP declined at a record pace in the first quarter
Compared to the previous quarter, euro area and EU gross domestic product fell by the largest amount ever recorded in the first quarter. The European Union’s statistical office, Eurostat, said...
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Moody’s: 4.8% decline this year, 4.1% growth next year at home
EU economies in Central Europe cannot escape the deep recession caused by the coronavirus epidemic this year either, but the public debt profile of most regional economies can withstand short-term...
Read moreKSH: GDP grew by 2.2 percent in the first quarter
The volume of gross domestic product (GDP) in the first quarter was 2.2 percent higher than in the same period of the previous year. According to seasonally, calendar-adjusted and balanced...
Read moreGerman GDP fell 2.3 percent in the first quarter
Germany’s gross domestic product (GDP) fell 2.3 percent in the first quarter of this year from a year earlier – the federal statistical office (Destatis) announced as final data. Compared...
Read moreKSH: the Hungarian economy expanded in the first quarter
According to raw data, Hungary’s gross domestic product (GDP) grew by 2.2 percent according to the raw data, while the seasonal and calendar-effect adjusted balanced data shows a 2.0 percent...
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Eurozone and EU GDP fell by record levels in the first quarter
Compared to the previous quarter, euro area and EU gross domestic product fell by the largest amount ever recorded in the first quarter, according to a preliminary report by Eurostat,...
Read moreThe European Commission expects a seven percent decline in GDP in Hungary
The European Union can expect an unprecedented recession, according to the European Commission’s spring economic forecast published on Wednesday. The eurozone’s economy will shrink by a record 7.75 percent in...
Read moreThe euro area economy has shrunk the largest ever
The largest ever gross domestic product decrease occured in the euro area in the first quarter, the European Union’s statistical office, Eurostat reported on Thursday mfor.hu, wrote. According to Eurostat...
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Huge trouble if following the pandemic… or perhaps not?
COVID-19 has overshadowed the climate crisis as governments scramble to protect the health of citizens without cratering their economies, but the pandemic could still open a fast-track pathway -– albeit...
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Magazine: Coronavirus: A threat to the world economy
When the COVID-19 pandemic started in China, nobody thought that in just a few weeks the virus will appear in other parts of the globe too. As the coronavirus disease...
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The euro area is performing at two-thirds
The first data on the frozen eurozone economy has arrived – index wrote. The numbers are quite worrying, with the exception of the pharmaceutical industry, internet service and the food...
Read moreLondon analysts expect deep recession
According to recent macroeconomic analysts in London, a recession similar to the global financial crisis of 2008-2009, or much deeper, is expected this year due to the economic impact of...
Read moreThe German banking association expects a drastic economic downturn
According to the German Banking Association, gross domestic product in Germany could fall by 4-5 percent this year as a result of measures to curb the coronary epidemic. At the...
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Magazine: The world economy in 2020
Euromonitor International’s Global Economy in 2020 study reveals that forecasts downgraded the global GDP’s annual growth to 2.9 percent for 2019 and 3.1 percent for 2020. Emerging and developing economies...
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The euro area economy is performing poorly
In the fourth quarter of last year and in 2019 as a whole, gross domestic product growth in the euro area has been the smallest since 2013 – according to...
Read moreThe European Commission has improved its forecast for Hungarian GDP growth in 2020
The European Commission has revised its forecast for the Hungarian gross domestic product (GDP) growth in 2020. Brussels estimates that economic growth in Hungary is expected to be 3.2 percent...
Read moreAnalysts have positively surprised with Q4 GDP
Last year’s fourth-quarter GDP figures gave a positive surprise, according to analysts reporting to MTI, but the slowdown is expected to continue this year. According to the first estimate released...
Read moreAccording to GKI, the economy may grow by 3-3.5 percent this year
The Hungarian economy expanded last year at around 5 percent, one of the fastest in the European Union. Overall, the October-November data do not yet indicate a slowdown, but the...
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Euro area GDP grew less than expected
Euro area’s gross domestic product (GDP) grew less than expected in the fourth quarter, compared with the previous three months. The European Union’s Bureau of Statistics (Eurostat) first released estimates...
Read moreAnalysts at the Savings Bank raised their GDP forecast for this year
Due to easing external risks and strong FDI inflows, Savings Bank analysts have raised their GDP growth forecast from 3.7 percent to 4 percent this year, and expect 3.5 percent...
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